Barte, a Brazilian fintech, has secured $8 million in Series A funding led by AlleyCorp to enhance its payment solutions and capitalize on the growing market demands.
Information on the Target
Barte, a São Paulo-based fintech company, has successfully secured $8 million in Series A funding to enhance its cash flow and payment solutions across Brazil. Founded in 2022 by Portuguese entrepreneur Caetano Lacerda and Brazilian Raphael Dyxklay, Barte primarily serves medium to large enterprises. The company has experienced significant growth, achieving over 70 times growth since its seed round 1.5 years ago, and is now generating tens of millions in annual revenue.
Barte specializes in offering two main solutions: a multichannel payments platform that facilitates selling through various payment methods, including PIX, and a white-label infrastructure tailored for ecosystems wanting to integrate payment capabilities. This dual approach addresses the complexity many businesses face in managing payment systems and enhances overall transaction efficiency.
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Industry Overview in Brazil
The Brazilian payments industry is undergoing rapid transformation, though online payment processing remains less efficient than desired. Merchant acquiring in Brazil generates an impressive annual volume of
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AlleyCorp
invested in
Barte
in 2023
in a Series A deal
Disclosed details
Transaction Size: $8M